Bally's Intralot raises third-quarter revenue by about 250%

Bally's Intralot's acquisition of evoke will not be completed this year. In its third-quarter results, the company said the deal must pass additional regulatory approvals and that this process is expected to conclude in the first quarter of 2027. The company, which owns William Hill and is listed on the Athens Stock Exchange, drew attention with its balance sheet while takeover negotiations continue.

Third-quarter revenue came in at 286.1 million euros. That figure is about 250 percent above the 81.9 million euros recorded in the third quarter of 2025. Revenue for the first nine months rose from 263.9 million euros to 830.3 million euros. The figures show continued growth in the first full year of the combined structure.

Adjusted EBITDA rose quarter on quarter from 29.9 million euros to 88.9 million euros. Adjusted EBITDA for the nine months increased from 90.1 million euros to 273.6 million euros.

In the Interactive segment, UK online revenue rose 12.2 percent in the third quarter. Net gaming revenue reached an all-time high, marking a third consecutive quarter of growth. The increase in the Remote Gaming Duty created a 34 million euro pressure on EBITDA in the quarter. 55 percent of this impact was offset by revenue growth, marketing efficiency and cost discipline. In Spain, revenue grew 18.9 percent to 13.3 million euros, a record level. The planned increases in General Betting Duty and Gaming Machine Duty are expected to put renewed pressure on the company after the evoke acquisition.

The United States, the company's largest B2B market, saw revenue fall 11 percent this year to 119.6 million euros. The decline was driven by lower lottery revenue and reduced equipment sales. Adjusted net debt remained largely stable over the three months. Debt rose slightly from 1.619 billion euros at the end of June to the end of September. Since the start of the year, debt has increased by 130 million euros. The main reason was an 85 million euro investment for the 15-year monitoring licence in Victoria, Australia, which was awarded in April 2026.